Depends on what you mean by “best investment.”
If you’re talking about high-risk, high-reward coins, then maybe memecoins fit that. But overall, I don’t think the memecoin market is really profitable, kinda like altcoins in general. Tons of scams, only a few legit projects. And memecoins don’t really count as “legit” anyway, since they’re not expected to be stable long-term.
They’re built on short-term hype, like a mini ponzi - get in early, maybe you profit… stay too long, you lose.
You spoke rightly though, after a period of time after a memecoin does its high level reach, it starts struggling and most people who join in later fall into the dip🤨. But that’s why I stick with this new DEX-CEX trading where tokens are analyzed and picked early before the hype even like that of bitget
Memecoins can make you millions of dollars in just a glimpse but the difficult part here is, where? How and when should I invest and not get my investment pulled?.
This is what makes it attractive to investors: the risk is too high, but the potential for huge profit is also high. Those who made millions on memes know how to play the meme game; they have insider buzz and can check and read whales' preferences, but this only happens after first losing a lot of money. So you will have to lose before you understand how this meme game is being played by whales.
This has been the question for ages now. Personally I don’t like trading memecoins because of its volatility in nature and for my peace of mind.
Then don't play it if you cannot take the risks. the saying only invest what you can afford to lose is very much true with memes, because you are likely going to lose.
Memecoins can make you millions of dollars in just a glimpse but the difficult part here is, where? How and when should I invest and not get my investment pulled?.
Ponzi schemes can also make you millions of dollars overnight as well. The point is, at which cost? And the answer is, at the cost of losing your entire investment overnight... Does it worth the risk? Of course not. People lose funds they took an entire life to accumulate in a matter of days or weeks. It leads people into depression, hopelessness and lack of motivation to move ahead and to recover themselves financially.
Consequences can be disastrous. Therefore, such plans should be avoided, unless you are aware to be gambling with your money, and not investing.
I think OP is just over excited probably cos one of his plays clicked ahah.. for memecoins, I believe you need to be precise, be swift with entries and know your risk level.. for instance I' use Bitgetonchain to trade latest onchain tokens cos they're swift in listing, trading is easier and no gas fees. This has allowed me to enter into trades early, sell off certainly percentage and hold a moonbag in case it's bullish. House, gork, troll are some of my latest win using this product..
Memecoins can make you millions of dollars in just a glimpse but the difficult part here is, where? How and when should I invest and not get my investment pulled?.
Ponzi schemes can also make you millions of dollars overnight as well. The point is, at which cost? And the answer is, at the cost of losing your entire investment overnight... Does it worth the risk? Of course not. People lose funds they took an entire life to accumulate in a matter of days or weeks. It leads people into depression, hopelessness and lack of motivation to move ahead and to recover themselves financially.
Consequences can be disastrous. Therefore, such plans should be avoided, unless you are aware to be gambling with your money, and not investing.